“The best thing about SDAC is how openly, honestly and respectfully it operates, and without egos,” says SDAC member investor
Raised by SDAC’s network of 63 members, the
Funded startups include:
- Advocat Technologies raised
$282,500as the annual conference winner and received investments from individual SDAC investors totaling an additional $560,000to close the fully subscribed round. Advocat Technologies is an artificial intelligence research and drafting solution for enterprise legal departments created by attorney and former U.S.diplomat Pradnya Desh. Bellevue, Wash.
- Verity, led by
Michelle Youngers, raised $152,500through an SPV, with a total of 15 investors, represented by SDAC, Social Venture Circleand Stella Angels for a total of $288,000from SDAC investors. Verity provides sustainable, plastic-free packaging solutions for the beauty and personal care industry. Encinitas, Calif.
- ChargeNet, whose round was led by SDAC and championed by
Benton Moore, successfully secured a $221,000investment from the SDAC group for a total $800,000pre-seed, oversubscribed investment round. 10X Tech Venturesand other investment groups participated in the round that led to the hiring of two female co-founders. ChargeNet is a cleantech SaaS company creating the EV charging experience of the future using renewable energy in fast food and convenience store parking lots. San Diego, Calif.
- Abterra Biosciences, championed by
Amy Duncan, fund manager for this year’s conference, won the 2021 Seattle Angel Conference, winning $200,000of funding and followed on with $100,000more of angel investments from Seattle Angel Group. Abterra Bio uses next-generation sequencing, mass spectrometry and machine learning to comprehensively map the antibody response, and rapidly identify better therapeutic antibodies. San Diego, Calif.
- Fluid Power AI, championed by
Armen Derderian, has successfully raised $100,000in its oversubscribed seed round with investments from EvoNexxus and Tech Coast Angels, Orange County, for a total of $206,000from SDAC. Fluid Power AI is a reliability as a service (RaaS) platform with proprietary technology and methods to turn any hydraulic system into a smart hydraulic system. La Jolla, Calif.
- Uplyft, led by
Bob Edelman, raised $112,500, with a total of 17 investors who invested via Tech Coast Angels, SDAC, U.S. Angels and Interlock Capital. Uplyft is the first FDA-compliant self-transfer system from bed to wheelchair for people with limited mobility. San Diego, Calif.
Entrepreneurs involved in SDAC connect with all active investors in the fund, and as a result, gain a network effect of follow-on investments from angel investor leads emerging from the conference, syndication partners who gain excellent deal sourcing and individual angels who know that the rigorous due diligence of the conference is an asset in their decision making.
“It’s thrilling to support CEO
Founded in 2019, SDAC champions innovation regionally and nationally. Learn more at www.thesdangels.com.
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